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English Release 27-March 2015
Date Month Year
  • President's Secretariat
  • President of India Confers Bharat Ratna on Shri Atal Bihari Vajpayee
  • President’s Ram Navami greetings
  • Vice President's Secretariat
  • Vice President Greets Citizens on Ram Navami
  • Prime Minister's Office
  • PM expresses grief at the passing away of Brigadier T Sailo
  • PM expresses grief at the passing away of former Union Minister Shri PR Kyndiah
  • The Director General of the International Atomic Energy Agency calls on PM
  • Text of PM’s statement to the media after the Bharat Ratna award was conferred to Former PM Shri Atal Bihari Vajpayee
  • Text of PM’s address at inauguration ceremony of “Urja Sangam-2015”
  • Historic Day for India, says PM
  • Team of First All India Services Expedition to Mt. Everest calls on PM
  • PM at Urja Sangam 2015
  • Department of Space
  • ISRO gets Gandhi Peace Prize for 2014
  • Min for Develop. of North-East Region
  • Dr. Jitendra Singh announces 'DoNER at doorstep' concept
  • Min of Agriculture
  • Radha Mohan Singh Emphasises on the Importance of Soil Health Management, Irrigation and Organic Farming
  • Sowing Area under Rabi Rice and Summer Crops
  • Price Stabilisation Fund
  • State-Wise Revised Affected Area under Rabi Crops During end of February to till date 26.03.2015
  • Min of Comm. & Information Technology
  • Commemorative Postage Stamp release on Engineers India Limited (EIL)
  • Government to Invest 10 Billion US $ in the Chip Manufacturing Facilities Coming up in Gujarat and Uttar Pradesh
  • Min of Culture
  • ISRO gets Gandhi Peace Prize for 2014
  • Ministry of Finance
  • Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes
  • FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money: Focuses on use of Plastic Money such as Credit Card, Rupay Card and Cheques in lieu of Hard Currency

  • Min of Health and Family Welfare
  • Need to enhance awareness among people to encourage organ donation: Health Secretary
  • Min of Home Affairs
  • Government declared National Mourning on March 29, 2015
  • Min of Petroleum & Natural Gas
  • Prime Minister inaugurates Urja Sangam 2015 - India’s Global Hydrocarbon Summit
  • Global crude oil price of Indian Basket was US$ 57.03 per bbl on 26.03.2015
  • Ministry of Railways
  • Report of Committee on Traffic Optimization Presented to Railway Minister within Stipulated Time
  • Suresh Prabhu Inaugurates Landmark Lumding-Silchar (Assam) Broad Gauge Railway Line Project by Flagging off A Goods Train - Bringing This Region on the National Broad Guage Railway Map
  • Min of Rural Development
  • Centre releases additional fund to Drought affected States
  • Min of Science & Technology
  • Dr Harsh Vardhan Dedicates the “Apex Metrology Laboratory” at the National Physical Laboratory in New Delhi Today
  • Min of Textiles
  • Textiles Minister inaugurates 29th India Carpet Expo
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on March 26, 2015
  • Min of Youth Affairs and Sports
  • Government plans to launch - Ek Saal Desh Ke Naam
  • NITI Aayog
  • First meeting of sub-group on rationalisation of centrally sponsored schemes held by NITI Aayog

Previous Date

 
Ministry of Petroleum & Natural Gas16-November, 2012 15:52 IST
Under-Recovery on Diesel Effective 16.11.2012 remains high at Rs 9.06 Per litre
Under-recoveries for November on Domestic LPG Rs 478.50 per Cylinder and on PDS Kerosene Rs 31.30 per Litre
OMCs Incurring Daily Under-Recoveries of Rs 412 Crore
Daily Crude Oil Price for Indian Basket rises to US$ 107.91 per barrel on 15.11.2012

‘20’

 

The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products during the Ist Fortnight of November 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of November effective 16.11.2012 though slightly lower, remains high at Rs 09.06/Litre. In case of PDS Kerosene and Domestic LPG the under-recoveries effective for November 2012 are Rs 31.30/Litre and Rs 478.50/cylinder respectively.

 

           Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs);

Product

Unit

Under-recoveries effective November 16,  2012

(Effective 01.11.2012 to 15.11.2012)

Diesel

Rs/Litre

         9.06           (9.84)             

PDS Kerosene*

Rs/Litre

        31.30          (31.30)   

Domestic LPG*

Rs/Cylinder

     478.50       (478.50)

*Additionally, a subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided by the Government. The under-recoveries on these products are computed on monthly basis.

 

 OMCs are currently (effective 16 November 2012) incurring daily under-recovery of about Rs 412 crore on the sale of Diesel, PDS Kerosene and Domestic LPG.

 

Further, the OMC’s have reported the following under-recoveries during April-September 2012: 

Product

Under Recovery (Rs/Crore)

 

2012-13

(April-September  2012)

2011-12

2010-11

Diesel

52,711

81,192

34,706

PDS Kerosene

14,331

27,352

19,484

Domestic LPG

18,544

29,997

21,772

Petrol

--

--

2,227

Total

85,586

138,541

78,190

 

3. Details of average International FOB price and Exchange rates are:

Particulars

Unit

Price on last trading day i.e., 15 November, 2012 (Previous trading day of 14.11.2012)

Fortnight

November)01-15, 2012

(previous fortnight 16 - 31/10/ 2012)

Crude Oil (Indian Basket)

($/bbl)

              107.91        (106.75)

                  106.69   (109.01)        

(Rs /bbl)

            5930.73      (5863.78)

                5797.53 (5834.22)      

Exchange Rate

(Rs/$)

                54.96          (54.93)                 

                    54.34     (53.52)             

 

RCJ/RKS – Under-recovery 16-11-2012      


(Release ID :89072)

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